The process of expense management can be costly, time-consuming, and prone to mistakes when conducted manually. And it can be difficult for a company to enforce their business expense policy.
Expense management software streamlines the process and allows employees to focus on important parts of their jobs. It reduces or eliminates errors, gets employees paid faster, reduces internal processing costs, and encourages compliance with policies. In addition, automated expense management
eliminates the costs involved with processing paper documents and makes the accounting and payablesdepartments more efficient.
In addition, companies can use expense management software to gather information to aid in
planning, budget management, policy compliance and other key management needs.